General Insurance Article

Search Results Page 1 of 197.

1 2 3 4 5 6 7 8 9 10 11 12 Next Last

Insurance advice for those affected by Storm Floris

If your property has suffered damage as a result of storm force winds: Contact your insurer as soon as possible. Most will have 24-hour emergency helplines to ensure you get advice on what to do and arrange repairs as quickly as is possible.
Posted on Thursday Aug 7

Stay vigilant as theft from person crimes surge

New data shows theft from person crimes rising sharply including a 118% jump in Waltham Forest. With phone snatching and pickpocketing on the rise, insurers like SJL are urging people to check their cover and take precautions.
Posted on Thursday Aug 7

Wildfires and severe thunderstorms drive losses to USD80bn

First half of 2025 second costliest first half-year ever, driven by California wildfires and severe thunderstorms in the US. California wildfires accounted for USD 40 billion of insured losses, highest-ever insured loss from a wildfire event. With both North Atlantic hurricane season and wildfire season in progress, insured losses in 2025 could exceed Swiss Re Institute's projection of USD 150 billion
Posted on Wednesday Aug 6

Most dangerous areas to drive in London

Enfield has been named as the most dangerous London borough to drive in, with residents 8% more likely to be involved in a car accident than the rest of the city, new data from CRIF finds. Drivers based in Waltham Forest and Brent are also among the most likely to have a collision, while the City of London, Kingston upon Thames and Bromley are the safest areas for London’s motorists. Drivers living in higher risk areas could face higher insurance costs – with research showing up to 2.5 million people have driven without insurance due to rising premiums.
Posted on Wednesday Aug 6

Brake announces Associate Partnership with Hastings Direct

Brake, the road safety charity, and Hastings Direct, a technology and data-driven insurance provider, are delighted to announce a new partnership, bringing together the shared commitment to making UK roads safer and promoting responsible driving behaviours.
Posted on Monday Aug 4

FCA to consult on motor finance compensation scheme

Motor finance customers could receive a pay out after the Financial Conduct Authority (FCA) announced it will consult on an industry-wide compensation scheme.
Posted on Monday Aug 4

IPT receipts triple in last decade

This morning’s HMRC Insurance Premium Tax bulletin reveals show that total IPT receipts for the last complete financial year 2024 to 2025 were £8.88 billion, which is £737 million (9%) higher than the previous financial year 2023 to 2024 (£8.15 billion).
Posted on Thursday Jul 31

Property insurance payouts underscore continued support

Insurers paid out £1.6 billion in claims during the second quarter of the year to help homeowners and businesses bounce back from unexpected events and costly disruptions, according to the latest data from the ABI.
Posted on Wednesday Jul 30

Insurance market for hydrogen may reach over USD3bn by 2030

Hydrogen demand could increase fivefold by 2050, while clean production may rise to 60% by 2035, driven by significant investments and planned projects globally. While market potential for hydrogen is very high, there are lots of unknown variables and risks for setting up a robust and secure infrastructure. The insurance sector has an important role to play in the hydrogen economy, addressing risks across the supply chain, from construction and production through to the end user, and through direct investment.
Posted on Wednesday Jul 30

Insurance market capacity expands as systemic threats grow

Aon has released its Q2 2025 Global Insurance Market Insights report. The report outlines a rare and potentially short-lived moment in the global insurance market with capacity expanding and pricing softening across many lines, creating favourable conditions for buyers.
Posted on Wednesday Jul 30

AI impact broadens beyond underwriting in insurance sector

Underwriting and risk profiling remains the most positively impacted area of the insurance value chain by artificial intelligence (AI). However, the share of industry insiders selecting this area has declined since 2023, suggesting growing momentum for AI adoption in other parts of the value chain, according to a recent poll by GlobalData, a leading data and analytics company.
Posted on Friday Jul 25

Majority of mutuals report AUM growth and Own Funds increase

Government’s aim to double the size of the mutual and co-operative market presents significant opportunities for financial mutuals. Gross Written Premium for participants rose to £116m on average (2023: £105m) but Gross Claims Incurred also increased to £149m on average (2023: £137m) in growth challenge for mutual sector.
Posted on Wednesday Jul 23

Trade credit claims fall in volume and value

The Lloyd’s Market Association, in collaboration with the International Underwriting Association and London & International Insurance Brokers’ Association, today launched the results of their annual survey of global trade credit insurance claims, conducted by A2Z Risk Services.
Posted on Wednesday Jul 23

Comment on the FCA Premium Insurance Market updates

Mohammad Khan, Head of General Insurance at PwC UK comments: "The FCA's recent updates paint a nuanced picture of the insurance market. Their report on premium increases rightly emphasises the urgent need for insurers to tackle escalating claims costs driven by factors like inflation and supply chain disruptions.
Posted on Tuesday Jul 22

Insurers told they must improve claims handling

The FCA has today revealed that while rising motor insurance premiums are largely driven by external cost pressures, shortcomings persist in how some insurers handle claims.
Posted on Tuesday Jul 22

SolvencyII review EU must unlock capital for Europes future

Insurance Europe welcomes the launch of the European Commission’s consultation on the Level 2 technical measures of the Solvency II review. It is an opportunity to address excessive conservatism and volatility in the prudential framework, unlocking billions in capital to contribute to the EU's goals on competitiveness, sustainability and resilience.
Posted on Friday Jul 18

Are you testing your smoke alarms often enough

Only 6% of residents follow safety recommendations for smoke alarms. More than one in 10 never test their alarms. Forgetfulness is given as the main reason for not testing more often.
Posted on Friday Jul 18

Cost of driving for young drivers falls

Car insurance premiums for drivers aged under 25 have dropped by £640 on average year-on-year from £2,077 to £1,437. Young motorists typically pay £2,524 to drive a car for a year in 2025, compared to £3,202 in 2024. Shopping around ahead of insurance renewal is one of the best ways to see which new deals are available
Posted on Thursday Jul 17

Surge in conflicts and disputes as risk landscape worsens

48% of respondents said they expect an increase in disputes because of difficult economic conditions and a more complex risk landscape. 57% of business leaders said they are actively preparing for investor actions as scrutiny intensifies on their operations. 46% of businesses are reconsidering or changing where they operate in future due to geopolitical risk. Operational risk and people challenges top this year’s list of global business concerns. 45% of those surveyed said they expect to see a jump in employee claims and disputes due to the implementation of return-to-office mandates. 64% of businesses said that rising regulatory and compliance obligations are materially impacting their investment and growth plans for 2025
Posted on Thursday Jul 17

Mapathon puts Worlds vulnerable communities on the Map

The insurance data and analytics team at LexisNexis® Risk Solutions in the United States and Ireland have led a Mapathon in support of Missing Maps, a global humanitarian initiative dedicated to mapping the most vulnerable places on Earth.
Posted on Thursday Jul 17

Comments as the Chancellors new Captives regime is announced

The London Market Group (LMG), LIIBA and IUA welcomes the announcement by Rachel Reeves, Chancellor of the Exchequer that HM Treasury will move ahead with the introduction of a UK regime for captive insurance companies.
Posted on Tuesday Jul 15

Key insights into systemic cyber risk

CyberCube and Munich Re: Joint experts publish report to advance the insurance industry’s understanding of systemic cyber risks. Cybersecurity experts deem widespread malware incidents and severe impact from cloud outage events to be tangible scenarios, judging the effectiveness of mitigation measures.
Posted on Tuesday Jul 15

Insurers adopting AI more for growth and profitability

In this commentary, we provide an overview of key areas of insurance value chain that stand to benefit from artificial intelligence (AI) adoption as well as the risks that insurance companies are exposed to with the adoption of AI.
Posted on Tuesday Jul 15

AND-E advances expertise in autonomous vehicle insurance

Underlining its mission of ‘Every Journey Protected’ - when people move, their journeys should be safe and hassle-free - Aioi Nissay Dowa Europe (AND-E) has recently been involved in a groundbreaking autonomous transport initiative, in partnership with UK-based autonomous vehicle software company, Oxa. By providing bespoke insurance cover in participation with Apollo, AND-E has gained valuable insights into the unique and evolving risks associated with autonomous vehicles, further strengthening its expertise for the future of protected mobility.
Posted on Monday Jul 14

Hurricane losses could surge by 50% under 2°C global warming

MS Amlin has announced a new peer-reviewed study published in the Journal of Catastrophe Risk and Resilience, warning that insured losses from U.S. hurricanes could rise by nearly 50% under a 2°C global warming scenario.
Posted on Monday Jul 14